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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in

Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $58,000, $78,000, and $68,000, respectively, what were the firm's budgeted collections for June? Multiple Choice $20,400 $58,200 $67,200 $73,000. None of the answers is correct

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